AFRICAN SOVEREIGN WEALTH FUNDS: FACTS AND FIGURES
Selected contents from this journal
AFRYKAŃSKIE NARODOWE FUNDUSZE INWESTYCYJNE: WPROWADZENIE DO CHARAKTERYSTYKI WEHIKUŁÓW
Languages of publication
The article discusses the characteristic features of sovereign wealth funds (SWFs) created from accumulated foreign reserves in commodity-exporting African countries. The author describes the investment targets of African SWFs, using empirical data and a research method based on a detailed analysis of available information on SWF investment policies in the last 20 years. Due to the poor transparency of African SWFs, gathering the necessary statistics, information and literature on the subject was quite a challenge, the author notes. The study uses press articles and reports that the author compares against other sources of information to increase credibility. Due to the small size of African SWFs, their role in stimulating the economic development of the continent is limited by a variety of institutional, economic and political factors, according to Cieślik. African SWFs are not a homogeneous group. They can be beneficial for nations if they are used and structured properly in order to take advantage of their full potential, Cieślik says. For this to happen, she concludes, most African SWFs would need to expand their stabilization goals and gradually introduce instruments designed to bolster economic development and promote intergenerational transfers of resources, financial sector stabilization and regional integration.
Publication order reference